Mises Wire

We should rewrite our textbook accounts to include the possibility of credit preceding a common medium of exchange and call it inter-temporal barter.

No one prints dollars on the purely free market because there are, in fact, no dollars; there are only commodities, such as wheat, cars, and gold.

Our monetary system encourages debt and punishes saving. It also benefits those who already have money at the expense of those who do not.

When police are trained to regard the citizens as military opponents, bad things happen.

As expected, this week's political convention failed to offer any real solutions to the problems we face.

In the UK, a national minimum wage was introduced in 1999. Things have been getting worse for young workers ever since.

Even if consumer protection regulation is motivated by good intentions, it inevitably undermines competition and consumer welfare.

Central bankers are moving heedlessly toward what Ludwig von Mises called "crack-up boom."

The Blacklist's Raymond Reddington illustrates how private-sector criminals are often better than the public-sector kind.

Here in Brazil, free-market ideas have long been ridiculed and ignored, with disastrous results.